92,840 Shares in Sempra Energy $SRE Acquired by Candriam S.C.A.

Candriam S.C.A. purchased a new stake in shares of Sempra Energy (NYSE:SRE) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 92,840 shares of the utilities provider’s stock, valued at approximately $7,264,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kimelman & Baird LLC bought a new stake in shares of Sempra Energy during the 3rd quarter valued at $117,000. American State Bank Iowa purchased a new stake in shares of Sempra Energy in the 3rd quarter worth about $304,000. StoneX Group Inc. bought a new position in shares of Sempra Energy in the 3rd quarter worth about $394,000. Kornitzer Capital Management Inc. KS bought a new position in shares of Sempra Energy in the 3rd quarter worth about $951,000. Finally, Pictet Asset Management Holding SA increased its stake in shares of Sempra Energy by 14.8% in the 3rd quarter. Pictet Asset Management Holding SA now owns 4,700,225 shares of the utilities provider’s stock worth $366,430,000 after acquiring an additional 606,600 shares in the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SRE has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Sempra Energy from $102.00 to $99.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Jefferies Financial Group upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating and cut their price objective for the stock from $101.00 to $97.00 in a report on Tuesday, September 1st. BTIG Research set a $100.00 price objective on shares of Sempra Energy in a report on Tuesday, October 20th. The Goldman Sachs Group raised their target price on shares of Sempra Energy from $109.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Truist Financial set a $94.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a report on Wednesday, October 14th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $99.47.

Sempra Energy Trading Up 0.8%

Sempra Energy stock opened at $78.77 on Tuesday. Sempra Energy has a 12 month low of $76.21 and a 12 month high of $101.04. The company has a market capitalization of $51.51 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 2.28 and a beta of 0.55. The business’s fifty day simple moving average is $81.93 and its two-hundred day simple moving average is $89.19. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, November 5th. The utilities provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the company earned $1.11 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. Sempra Energy has set its FY 2027 guidance at 5.100-5.700 EPS and its FY 2026 guidance at 4.800-5.300 EPS. As a group, equities analysts predict that Sempra Energy will post 5.14 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, September 24th were paid a $0.6575 dividend. The ex-dividend date was Thursday, September 24th. This represents a $2.63 dividend on an annualized basis and a yield of 3.3%. Sempra Energy’s payout ratio is presently 56.32%.

Sempra Energy Company Profile

Sempra is a North American energy infrastructure company headquartered in San Diego, California. Formed in 1998 through the merger of Pacific Enterprises and Enova Corporation, the company develops and operates regulated utilities and energy infrastructure.

In California, Sempra’s utilities include San Diego Gas & Electric and Southern California Gas Company, which provide electricity and natural gas services to homes and businesses. In Texas, its operations include an ownership interest in Oncor, an electric transmission and distribution company.

Through its energy infrastructure business, Sempra has also developed and operated natural gas pipelines, storage facilities and liquefied natural gas projects in the United States and Mexico.